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    204 204Th St Omaha, NE 68022

    Sponsored
    For Sale
    Contact for pricing

    Prime Omaha land, mixed-use potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Omaha development opportunity encompasses 0.95 to 8.91 acres of land zoned MU, situated on heavily trafficked 204th Street between Elkhorn and Gretna. The Coventry Development is part of a master-planned community featuring 210 affluent single-family homes, multi-family residential, retail, office, and recreational elements. The site offers 22 pads and boasts a prime location within a thriving mixed-use area, including a major office anchor (ACI Worldwide with 700+ employees), a 12-screen ACX theater and restaurant, and an additional 542,500 square feet of planned and platted space for office, retail, and medical uses. The land value ranges from $16 to $23 per square foot. This development benefits from a high-traffic location (approximately 35,000 cars daily), a strong demographic profile (3-mile household income of $161,138, median home value exceeding $350,000 in nearby Elkhorn and Gretna), and significant population growth in the area (420% since 2000). All sites are zoned and ready for immediate development, offering experienced developers flexibility in deal structure, site, and building design. The property is located at two addresses: 204th & Q St, Omaha, NE 68022 and 204th & Harrison Street, Omaha, NE 68022.

    Property Features for 204 204Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    41,382 SF

    HighLights

    • Lots ready for immediate development.
    • Located on a high‑growth corridor between Elkhorn and Gretna, experiencing 420% population growth since 2000.
    • High traffic count of approximately 35,000 vehicles daily on 204th Street.
    • Strong demographics: $161,138 average household income within a 3‑mile radius.
    • High median home values exceeding $350,000 in nearby Elkhorn and Gretna.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -96.23442395
    Latitude
    41.20404822

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    FAQs

    What type of property is this?
    Multifamily property - Prime Omaha land, mixed-use potential
    Where is this multifamily property located?
    The property is located at 204 204Th St Omaha, NE.
    What are key features of this property?
    This property features: Lots ready for immediate development.; Located on a high-growth corridor between Elkhorn and Gretna, experiencing 420% population growth since 2000.; High traffic count of approximately 35,000 vehicles daily on 204th Street.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 204Th St Omaha, NE 68022
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